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Wipro Cited as Leader and Star Performer in Banking IT Outsourcing by Everest Group

BANGALORE, India & EAST BRUNSWICK, N.J. --(Business Wire)--

Wipro (News - Alert) Ltd. (NYSE:WIT), a leading global Information Technology,
Consulting and Business Process Services company today announced that it
has been cited as a 'Leader' and 'Star Performer' by
Everest Group, a global independent consulting and research firm, in its
recently released report 'IT Outsourcing in Banking - Service Provider
Landscape with PEAK MatrixTM Assessment 2014'.

The study analysed the capabilities of 28 leading Applications
Outsourcing service providers, specific to the global banking sector who
were mapped on Everest Group's Performance, Experience, Ability,
Knowledge (PEAK) Matrix. In the report, Everest Group recognized Wipro's
Banking and Financial Services (BFSI) unit for showing the strongest
forward movement on the PEAK Matrix, both in terms of market success and
capability advancements.

Rajan Kohli, Senior Vice President & Head-Banking &
Financial services, Wipro Ltd said,"This recognition is a
reflection of the confidence our clients have in us and our focus on
execution excellence. We continue to make investments in technologies,
platforms and innovative value propositions that help our banking
clients enhance revenue, reduce cost and manage their risk better."

Jimit Arora, Vice President, Everest Group stated, "In an
environment where banks are focused on revenue expansion, cost control,
and managing compliance spend, we are witnessing consolidation of spend
to fewer, high performing service providers. Wipro's investments in
domain-centric solutions and solid account management resulted in
top-quartile performance in Banking AO deal activity and revenue growth,
and contributed to the rating of Leader ad Star Performer in the
Everest Group PEAK Matrix™."

The Banking Applications Outsourcing market, represented by 28 service
providers, scaled up to US $6.3Bn in revenue and 175,000 FTE's spread
across 20+ delivery countries.

About Wipro Ltd. (News - Alert)

Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting
and Business Process Services company that delivers solutions to enable
its clients do business better. Wipro delivers winning business outcomes
through its deep industry experience and a 360 degree view of "Business
through Technology" - helping clients create successful and adaptive
businesses. A company recognized globally for its comprehensive
portfolio of services, a practitioner's approach to delivering
innovation, and an organization wide commitment to sustainability, Wipro
has a workforce of over 140,000, serving clients in 175+ cities across 6
continents. For more information, please visit www.wipro.com

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth
prospects are forward-looking statements, which involve a number of
risks, and uncertainties that could cause actual results to differ
materially from those in such forward-looking statements. The risks and
uncertainties relating to these statements include, but are not limited
to, risks and uncertainties regarding fluctuations in our earnings,
revenue and profits, our ability to generate and manage growth, intense
competition in IT services, our ability to maintain our cost advantage,
wage increases in India, our ability to attract and retain highly
skilled professionals, time and cost overruns on fixed-price, fixed-time
frame contracts, client concentration, restrictions on immigration, our
ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication
networks, our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental incentives, political instability,
war, legal restrictions on raising capital or acquiring companies
outside India, unauthorized use of our intellectual property, and
general economic conditions affecting our business and industry.
Additional risks that could affect our future operating results are more
fully described in our filings with the United States Securities and
Exchange Commission. These filings are available at www.sec.gov.
We may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
company's filings with the Securities and Exchange Commission and our
reports to shareholders. We do not undertake to update any
forward-looking statement that may be made from time to time by us or on
our behalf.